Occupy movement activists in San Francisco first announced plans for People’s Reserve Credit Union, an in-the-works cooperative designed to serve local communities and take a stand against the city’s for-profit banks, in November 2011. The project is now well under way, with board and advisory committee meetings taking place and...
Raising capital, board and committee activity fuels development of People’s Reserve CU as state regulators give nod.
The founder of an international microlending bank, which has a United States affiliate that was considering opening a federal credit union in North Carolina, is in the middle of an internal power struggle.
Grameen America, which at one point was considering opening a federal credit union in North Carolina, is coming to the defense of the founder of its international affiliate.
Grameen America, once eyeing North Carolina for the launch of a federal credit union, will receive a $450,000 grant to help spur small business growth in low-income communities there.
Since meeting with credit unions and banking groups in North Carolina a year and a half ago, microlending bank Grameen America Inc. has pulled back but not abandoned the idea of pursuing a credit union charter.
The $21 billion State Employees' Credit Union said it would still assist with office support to a microlending bank should it move forward with a credit union charter in North Carolina.
Although there has been little movement since buzz started more than a year ago, micro-lending bank Grameen America Inc. said pursuing a credit union charter is still being considered.
LAS VEGAS -- Speed networking was the objective of a WOCCU-moderated late afternoon session. Participants played musical chairs, spending five minutes together learning about each other's credit union and culture.